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Betting $5 each to his 100 friends that he will win the the contest. 55% of the contestants will most likely to win. Is the

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Betting $5 each to his 100 friends that he will win the the contest. 55% of the contestants will most likely to win. Is the person will likely to win or lose in the bet with his friends. what is the expected value for an average bet is___? likely total win or loss with his 100 friend is_ ? please give genuine answer with solution

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